All categories

3 years ago

Online, immediate status updates from Airlines about their flights is an example of e-commerce's effect of:

Business

1 answer:

olga2289 [7]3 years ago

7 0

Answer:

D) Homogenization of time and routinization

Explanation:

E-commerce software has changed a highly customized activity (determining where and how an individual could fly to) and reduced it to a simple routine. Customers can check their flight status whenever they want. They do not have to wait to contact a travel agent or even wait for a travel agency to open. Therefore time has been homogenized and transactions routinized.

You might be interested in

Which of the following is not a need-based source of financial aid

yanalaym [24]

B. athletic scholarship

6 0

3 years ago

Read 2 more answers

Actions taken by governments in order to promote the use of their own resources include all of the following EXCEPT:

timama [110]

It's C

I hope it helped you!

8 0

3 years ago

What are tariffs? What are some of the harmful effects of tariffs?

vodka [1.7K]

A tariff is a tax on exported goods, if a tariff is too high then it will increase the cost of the item so the people who are buying have to pay more.

5 0

3 years ago

Read 2 more answers

How can companies increase return on common stockholders’ equity without increasing revenue?

Pani-rosa [81]

D) By reducing expenses you increase margins which means there is more money available for stockholders

4 0

2 years ago

A firm has estimated the following demand function for its product:

Rom4ik [11]

Answer:

(i) Q=300

(ii) Elasticity of Demand=-3.33 (elastic)

(iii) Income Elasticity= 2.5 (normal good)

(iv) Advertising Elasticity: 1.5

Explanation:

The Demand function is given by

$Q=100-5P+5I+15A$

(1) To solve (i) we need to replace P = 200, I = 150, and A = 30 in the demand equation:

$Q=100-5(200)+5(150)+15(30)=300$

(2) To find the price elasticity (how much quantity demanded changes with price) we use the point price elasticity formula

$\eta_{Price}=\frac{\Delta Q}{\Delta P}\frac{P}{Q}$

From the above equation we get: $\frac{\Delta Q}{\Delta P}=-5$

Replacing in the elasticity formula

$\eta_{Price}=-5\frac{200}{300}=|-3.33|>1$

in absolute terms the elasticity is bigger than one so it is an elastic demand.

(3) For income elasticity (how much quantity demanded changes with income), we proceed similarly as above. But the derivative is respect to income

$\eta_{Income}=\frac{\Delta Q}{\Delta I}\frac{I}{Q}=5\frac{150}{300}=2.5>1$ [/tex]

Which is bigger than one, denoting this is a normal good because it's bigger than one.

(4) Advertising elasticity (how much quantity demanded changes with expenditures in advertising), we proceed as before

$\eta_{advertising}=\frac{\Delta Q}{\Delta A}\frac{A}{Q}=15\frac{30}{300}=1.5$

3 0

3 years ago